Hi,
I'm getting mixed messages from my insurance broker and lender, and I don't know who to trust so I'm looking for some expert advise.
I am trying to insure a property which by the looks of it is a townhouse (attached to neighbors, shares structure with neighboring units, garage per unit etc). The title claims single family residence & it's a PUD. However, the association has a master policy of insurance that makes it sound like a condo (master policy covers "walls in excluding betterments").
Now, my lender requires the insurance to be HO-3 to match the "property type" (SFR, townhou
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I'm getting mixed messages from my insurance broker and lender, and I don't know who to trust so I'm looking for some expert advise.
I am trying to insure a property which by the looks of it is a townhouse (attached to neighbors, shares structure with neighboring units, garage per unit etc). The title claims single family residence & it's a PUD. However, the association has a master policy of insurance that makes it sound like a condo (master policy covers "walls in excluding betterments").
Now, my lender requires the insurance to be HO-3 to match the "property type" (SFR, townhou
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